Key Points
- Director Sonya Morris purchased 5,000 shares of PIMCO Municipal Income Fund II at an average price of $7.48 per share for a total of $37,400, a transaction disclosed in an SEC filing.
- The fund announced a monthly dividend of $0.0395 per share payable April 1 (ex-dividend March 12), implying an approximate 6.5% yield.
- PML is trading near $7.35 with a 52-week range of $7.10 to $8.17 and 50-/200-day moving averages around $7.69 and $7.72, respectively.
PIMCO Municipal Income Fund II (NYSE:PML - Get Free Report) Director Sonya Morris purchased 5,000 shares of the business's stock in a transaction that occurred on Wednesday, March 25th. The stock was acquired at an average price of $7.48 per share, for a total transaction of $37,400.00. Following the purchase, the director owned 5,000 shares of the company's stock, valued at approximately $37,400. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
PIMCO Municipal Income Fund II Stock Performance
Shares of NYSE PML opened at $7.35 on Friday. PIMCO Municipal Income Fund II has a fifty-two week low of $7.10 and a fifty-two week high of $8.17. The business has a 50 day moving average price of $7.69 and a two-hundred day moving average price of $7.72.
PIMCO Municipal Income Fund II Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Thursday, March 12th will be paid a dividend of $0.0395 per share. This represents a c) annualized dividend and a dividend yield of 6.5%. The ex-dividend date is Thursday, March 12th.
Institutional Trading of PIMCO Municipal Income Fund II
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Asset Dedication LLC bought a new position in PIMCO Municipal Income Fund II during the 4th quarter valued at $26,000. Comerica Bank increased its position in shares of PIMCO Municipal Income Fund II by 49.7% in the 1st quarter. Comerica Bank now owns 4,353 shares of the investment management company's stock worth $35,000 after purchasing an additional 1,446 shares during the last quarter. Global Wealth Strategies & Associates raised its stake in shares of PIMCO Municipal Income Fund II by 106.1% in the 4th quarter. Global Wealth Strategies & Associates now owns 5,465 shares of the investment management company's stock valued at $41,000 after purchasing an additional 2,813 shares in the last quarter. US Bancorp DE acquired a new stake in shares of PIMCO Municipal Income Fund II in the 3rd quarter valued at about $45,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in shares of PIMCO Municipal Income Fund II during the third quarter worth about $58,000.
PIMCO Municipal Income Fund II Company Profile
(
Get Free Report)
PIMCO Municipal Income Fund II (NYSE: PML) is a closed-end management investment company that seeks to provide a high level of current income exempt from federal income tax. The fund primarily invests in a diversified portfolio of municipal securities, including both investment-grade and below-investment-grade bonds issued by state and local governments, as well as other public entities. By focusing on the municipal market, the fund aims to offer tax-advantaged income to investors, particularly those in higher federal tax brackets.
The fund's portfolio construction emphasizes rigorous credit analysis, sector diversification, and maturity management to balance income objectives with risk controls.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
